Bounty Mining Raises A$10.3 Million by Issuing Private Placement Bond

摘要

On October 22, Bounty Mining Limited, Australia made it clear that it raised A$10.3 million by issuing a private placement bond. Bounty Mining newly issued 34.3 million shares to the existing shareholders of Bounty Mining and XCoal Energy & Resources GmbH, USA, and the share sale price is A$0.30/share. Bounty Mining intends to allocate the funds raised by issuing the private placement bond this time to the expansion cost, etc. for Cook Colliery in the State of QLD.